Market outlook for 19/01/12

Nifty closed down 11.50 points (0.23%) at 4955.80 while Nifty Future closed at 4957.50, premium of 1.70 points.
Bank Nifty closed down 33.30 points (0.37%) at 9023.40 while Future closed at 9026.40, premium of 3.00 points.

• FII bought huge in Cash (Net buy 875.85 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 401.36 Crore)
• DII sold in Cash (Net sell 590.27 Crore)
• US market is trading flat.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 415:1056.

NIFTY TECHNICAL

Current Spot: 4955.80
Pivot: 4956
5DEMA: 4909
10DEMA: 4861
20DEMA: 4821
50DEMA: 4849
RSI (14 days): 63.00
Parabolic SAR: 4768
Supports: 4931 - 4906 - 4881
Resistance: 4981 - 5005 - 5030
CAM Support: 4951 - 4947 - 4942 - 4929
CAM Resistance: 4960 - 4965 - 4969 - 4983
NF VIX Range: 4893 - 5022

Nifty Future VWAP: 4958.15
MP Values Nifty Future: VAH - 4977, POC - 4964, VAL - 4951

TARGET NIFTY
Buy Nifty Future above 4962 - 4980 - 5005 - 5030 SL - 4951
Sell Nifty Future below 4950 - 4935 - 4910 - 4885 SL - 4961

BANKNIFTY TECHNICAL

Current Spot: 9023.40
Pivot: 9004
5DEMA: 8956
10DEMA: 8815
20DEMA: 8667
50DEMA: 8737
RSI (14 days): 63.99
Parabolic SAR: 8662
Supports: 8942 - 8860 - 8797
Resistance: 9086 - 9149 - 9231
CAM Support: 9010 - 8997 - 8984 - 8944
CAM Resistance: 9037 - 9050 - 9063 - 9103
Bank Nifty VIX Range: 8864 - 9189

Bank Nifty Future VWAP: 8990.33
MP Values Bank Nifty Future: VAH - 9072, POC - 9019, VAL - 8966

TARGET BANKNIFTY
Buy BankNifty Future above 9033 - 9100 - 9180 - 9280 SL - 9002
Sell BankNifty Future below 8996 - 8935 - 8840 - 8760 SL - 9027

INTRADAY TRADE
Reliance Industries: Buy above 782 for targets of 786, 792, 804 SL 773
Reliance Industries: Sell below 771 for targets of 767, 761, 759 SL 777
Bomdyeing: Buy above 438 for targets of 444, 456 SL 429
Hdfcbank: Buy above 484 for targets of 487, 494 SL 478

SCORE SHEET
JetAirways: Buy above 237 for targets of 241, 247 SL 231: Opened at 268.90
TataSteel: Buy above 445 for targets of 451, 460 SL 437: Call not Active

POSITIONAL TRADE
Pantaloonr: Buy above 154 for target of 161 SL 152 (2-3 Days)
Deltacorp: Buy above 73 for target of 80 SL 70 (1 Week)

Thanks and Regards

S&P Wealth Creators